Gray Television (NYSE:GTN.A) Shares Gap Down to $7.15

Gray Television, Inc. (NYSE:GTN.A) gapped down prior to trading on Thursday . The stock had previously closed at $7.15, but opened at $6.44. Gray Television shares last traded at $6.44, with a volume of 1,342 shares.

Wall Street Analyst Weigh In

Separately, TheStreet cut Gray Television from a “c-” rating to a “d+” rating in a report on Tuesday, March 12th.

Gray Television Stock Down 3.2 %

The company has a debt-to-equity ratio of 3.12, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average price of $7.26 and a 200-day moving average price of $8.02.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings data on Friday, February 23rd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.08). The business had revenue of $864.00 million during the quarter. Gray Television had a negative return on equity of 3.76% and a negative net margin of 2.32%.

Gray Television Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 5.37%. Gray Television’s dividend payout ratio is currently -23.02%.

About Gray Television

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.